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    FCRA

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    Adithya Ajay
    The Foreign Contribution Regulation Act (FCRA) regulates the inflow of foreign contributions to certain individuals and organizations in India. The primary purpose is to ensure foreign funds are used for their intended purposes and not for any activities detrimental to national interest. The act was first enacted in 1976 and revised in 2010. It regulates the acceptance and use of foreign contributions or hospitality by NGOs, associations, companies and organizations that have cultural, educational or social programs. Organizations must register with the central government under the Ministry of Home Affairs to receive foreign funds.

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    FCRA

    Uploaded by

    Adithya Ajay
    29 views10 pages
    The Foreign Contribution Regulation Act (FCRA) regulates the inflow of foreign contributions to certain individuals and organizations in India. The primary purpose is to ensure foreign funds are used for their intended purposes and not for any activities detrimental to national interest. The act was first enacted in 1976 and revised in 2010. It regulates the acceptance and use of foreign contributions or hospitality by NGOs, associations, companies and organizations that have cultural, educational or social programs. Organizations must register with the central government under the Ministry of Home Affairs to receive foreign funds.

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    Regarding foreign funds allocation and restrictions placed for NGOs in India

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    The Foreign Contribution Regulation Act (FCRA) regulates the inflow of foreign contributions to certain individuals and organizations in India. The primary purpose is to ensure foreign funds are used for their intended purposes and not for any activities detrimental to national interest. The act was first enacted in 1976 and revised in 2010. It regulates the acceptance and use of foreign contributions or hospitality by NGOs, associations, companies and organizations that have cultural, educational or social programs. Organizations must register with the central government under the Ministry of Home Affairs to receive foreign funds.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    29 views10 pages

    FCRA

    Uploaded by

    Adithya Ajay
    The Foreign Contribution Regulation Act (FCRA) regulates the inflow of foreign contributions to certain individuals and organizations in India. The primary purpose is to ensure foreign funds are used for their intended purposes and not for any activities detrimental to national interest. The act was first enacted in 1976 and revised in 2010. It regulates the acceptance and use of foreign contributions or hospitality by NGOs, associations, companies and organizations that have cultural, educational or social programs. Organizations must register with the central government under the Ministry of Home Affairs to receive foreign funds.

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    FCRA

    Foreign Contribution Regulation Act

    ADITHYA AJAYKUMAR
    AM.HS.P2SCW21001
    Introduction

    ● NGOs are a vital in the progression of the economically and physically weaker
    sections of the society. They are totally dependant on donations from domestic and
    foreign sources to undertake their operations
    ● However NGOs often drift along an indistinct line to gain such financial help,like
    forign funding, charity, Government-funded campaigns, corporates and more
    ● It is important to ensure the foreign funds collected are regulated to ensure they are
    not used for malpractices that can affect the integrity and safety of India.
    FCRA
    FOREIGN CONTRIBUTION (REGULATION) ACT

    ● The primary purpose of the act is to regulate the inflow of foreign contributions and
    ensuring that the received foreign contributions are not utilized for purposes other
    than those specified under the legislation
    ● To regulate the acceptance and utilization of foreign contributions or foreign
    hospitality by certain individuals or associations or companies
    ● To prohibit acceptance and utilization of foreign contribution or foreign hospitality
    for any activities detrimental to the national interest
    FCRA

    ● The act was enacted in 1976


    ● Revised in 2010
    ● Foreign contributions shall be applicable to an individual, hindu undivided family, an
    association, companies and organization having a definite cultural, economic,
    educational, religious or social programme are entitled to accept foreign contributions
    under the FCRA. moreover they should meet the criteria set by the act by registering
    themselves with the Central Government and funds can be recieved using one bank
    FCRA

    The FCRA does not specify registration under Income Tax Act as a precondition
    for getting registration under the FCRA

    Under no circumstances domestic contributions should be mixed in the bank from


    which the foreign credit is recieved

    FCRA is not regulated by RBI

    Regulated by Ministry of Home Affairs, Government of India


    Registration

    ● Form FC-8
    ● Audited Statement of accounts of past 3 years
    ● Annual reports specifying activities of past 5 years
    ● Location proposed for work
    ● Certified copy of the Registration Certificate
    ● Copy of permissions that were granted prior
    application for registration
    ● Copy of resolution of governing body of the
    organisation
    ● Copy of power of attorney
    ● List of members present in the organization
    ● Copy of any journal of the organization
    Conclusion

    FCRA was passed as an Act by the Parliament of India to consolidate and to


    regulate the acceptance and utilization of foreign contribution or foreign
    hospitality by individuals or associations or companies and to prohibit
    acceptance and foreign contributions for transgressional purposes
    Reference

    https://fcraonline.nic.in/home/index.aspx#

    https://legislative.gov.in/actsofparliamentfromtheyear/foreign-contribution-regulation-act-2010

    https://link.springer.com/article/10.1007/s11266-008-9059-7

    https://www.proquest.com/openview/81ca783ad6bd7c0d41704b1f98a510b4/1?pq-origsite=gscholar&cbl=
    2035015
    Thank you

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